Valuing spatial accessibility to retailing: A case study of the single family housing market in Hillsboro, Oregon

Valuing spatial accessibility to retailing: A case study of the single family housing market in Hillsboro, Oregon
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DOI:
10.1016/j.jretconser.2006.07.002
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发表时间:
2007-07
影响因子:
10.4
通讯作者:
Yan Song;Jungyul Sohn
Yan Song;Jungyul Sohn
中科院分区:
管理学2区
文献类型:
--
作者:
Yan Song;Jungyul Sohn

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最近,美国的城市规划者一直致力于鼓励提高零售业的住宅空间可达性的位置效率发展。在本文中,我们探讨了如何空间可达性零售的家庭在一个单一的家庭住房市场的价值。我们首先利用地理信息系统(GIS)开发了一个可达性指数,衡量单户住宅单位的零售商店的可达性。我们表明,我们的指数可以衡量可访问性在一个更彻底的方式比以前的措施。然后,我们将这个指数纳入一个享乐价格分析评估的影响,提高获得零售在一个单一的家庭住房市场在城市的希尔斯伯勒,俄勒冈州。我们发现,更大的空间可达性,零售是资本化到住宅物业价值。然而,我们也得出结论,便利设施的影响与附近的零售商店减少时,商店是太接近相邻的住宅。
Recently, urban planners in the US have been working to encourage Location Efficient Developments that enhance residential spatial accessibility to retailing. In this paper, we explore how spatial accessibility to retailing is valued by households in a single family housing market. We first use Geographic Information Systems (GIS) to develop an Accessibility Index which measures single family residential units’ accessibility to retail stores. We show that our Index can measure accessibility in a more thorough way than previous measures. We then incorporate this Index into a hedonic price analysis evaluating the effects of enhanced access to retailing in a single family housing market in the City of Hillsboro, Oregon. We find that greater spatial accessibility to retailing is capitalized into residential property values. However, we also conclude that amenity effects associated with nearby retail stores diminish when a store is too close to adjacent residences.